2024-05-15T16:58:26-05:00 2023-06-30 PATTILLO BROWN & HILL LLP PO BOX 20725 WACO TX 767020725 990 2022-07-01 832220421 LIVE OAK CLASSICAL FOUNDATION LIVE 2547141007 P O BOX 647 WACO TX 76703 ALISON MOFFATT HEAD OF SCHOOL 2547141007 2024-05-15 ALISON MOFFATT 999009999 1 SHARON HERWALD P00079864 2547724901 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALISON MOFFATT P O BOX 647 WACO TX 76703 92900 0 X N/A X 2018 TX TO GENERATE FUNDS TO SUBSIDIZE AND SUPPORT CAPITAL AND ACADEMIC-ORIENTED PROJECTS OF LIVE OAK CLASSICAL SCHOOL. 5 5 0 0 0 0 388026 90528 0 0 623 2372 0 0 388649 92900 77475 341835 0 0 0 0 0 0 0 1160 1272 78635 343107 310014 -250207 1495726 1143227 0 0 1495726 1143227 TO GENERATE FUNDS TO SUBSIDIZE AND SUPPORT CAPITAL AND ACADEMIC-ORIENTED PROJECTS OF LIVE OAK CLASSICAL SCHOOL. 0 0 341835 341835 PROVIDED FUNDING FOR CAPITAL AND ACADEMIC-ORIENTED PROJECTS FOR LIVEOAK CLASSICAL SCHOOL. 341835 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 X DONNA ZEMANEK 2547141007 400 S 4TH STREET WACO TX 76703 X SMITH GETTERMAN PRESIDENT 1.00 X 0 0 0 KIM LUCAS SECRETARY 1.00 X 0 0 0 SCOTT OMO DIRECTOR 1.00 X 0 0 0 HOLLY BURCHETT DIRECTOR 1.00 X 0 0 0 BEN LACY DIRECTOR 1.00 X 0 0 0 ALISON MOFFATT HEAD OF SCHOOL 1.00 X 0 0 0 0 0 0 0 0 0 0 0 90528 90528 2372 2372 92900 0 0 2372 341835 341835 1272 1272 343107 341835 1272 0 485226 383592 1004850 753985 5650 5650 1495726 1143227 0 0 X 444933 530142 1050793 613085 1495726 1143227 1495726 1143227 X -250207 -102292 X 0 0 0 X X 1 LIVE OAK CLASSICAL SCHOOL 770616274 2 1 341835 0 1 341835 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: FYE JUNE 30, 2019 WAS THE ORGANIZATION'S FIRST YEAR IN EXISTANCE AND WAS A SHORT YEAR BEGINNING OCTOBER 2, 2018. FORM 990, SCHEDULE A, SECTION C ONE OF THE FOUNDATION'S DIRECTORS WAS ALSO A DIRECTOR OF THE SUPPORTED ORGANIZATION, LIVE OAK CLASSICAL SCHOOL; HOWEVER, THIS ONE DIRECTOR DOES NOT REPRESENT A MAJORITY OF THE DIRECTORS OF LIVE OAK CLASSICAL SCHOOL. A MAJORITY OF DIRECTORS FOR LIVE OAK CLASSICAL SCHOOL WOULD BE SIX. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE ORGANIZATION WAS GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) AND 170(B)(1)(A)(VI) OF THE CODE. THE ORGANIZATION BEGAN COLLECTING UNRELATED BUSINESS TAXABLE INCOME ("UBTI") IN 2017 RELATED TO FEES CHARGED FOR PARKING AND HAS PREPARED A FORM 990-T TO PAY THE RELATED TAX. THEREFORE, A PROVISION FOR INCOME TAXES IS REFLECTED IN THE COMBINED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2023 AND 2022. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UBTI. THE ORGANIZATION HAS RECOGNIZED UBTI FOR THE YEARS ENDED JUNE 30, 2023 AND 2022 AND RECORDED THE RELATED PROVISION FOR INCOME TAX IN THE AMOUNT OF $0 AND $0. THE ORGANIZATION'S TAX RETURNS ARE GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AFTER THREE YEARS. 0 LIVE OAK CLASSICAL SCHOOL 400 S 4TH STREET WACO TX 76706 770616274 501(C)(3) 341835 0 GENERAL OPERATIONS, TUITION ASSISTANCE AND CAPITAL ASSET INVESTMENT FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS NO EMPLOYEES FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS TO LIVE OAK CLASSICAL SCHOOL -102,292. LIVE OAK CLASSICAL SCHOOL 400 S 4TH STREET WACO TX 76706 770616274 TX 501(C)(3) LINE 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0